GREATER LAKES REGION CHARITABLE FUND FOR CHILDREN INC (EIN 473815882) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

DOUG MORRISETTE

Phone

6035242166

Tax Period

2023-07-01 to 2024-06-30

GREATER LAKES REGION CHARITABLE FUND FOR CHILDREN INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $773K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $695K left a modest 10% surplus.

Mission

THE CORPORATION PURPOSE IS TO (1) PROVIDE ASSISTANCE TO THOSE SEEKING TO FURTHER THEIR EDUCATION AND INTELLECTUAL GROWTH (2) SUPPORT PROGRAMS THAT FOSTER GROWTH, EDUCATION AND DEVELOPMENT OF MEMBERS OF SOCIETY; ESPECIALLY CHILDREN (3) PROVIDE FINANCIAL ASSISTANCE TO NEEDY OR DESERVING MEMBERS OF SOCIETY; ESPECIALLY CHILDREN (4) SUPPORT DESERVING CHARITIES, EDUCATIONAL INSTITUTIONS AND SCIENTIFIC, CULTURAL, HISTORICAL AND HEALTH ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $716,733

Program Service Revenue $0

Investment Income $78

Other Revenue $56,123

TOTAL REVENUE $772,934

Expense Breakdown

Grants Paid $611,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $686,287

Other Expenses $83,804

TOTAL EXPENSES $695,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$772,934	$634,163	+0.2%
Expenses	$695,004	$608,753	+0.1%
Net Income	$77,930	$25,410	+2.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

450

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE BEETLE	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CALVIN	DIRECTOR	1.00	Director	$0	$0	$0
LISA CORNISH	DIRECTOR	1.00	Director	$0	$0	$0
DOM DECARLI	DIRECTOR	1.00	Director	$0	$0	$0
TONY FELCH	DIRECTOR	1.00	Director	$0	$0	$0
GARRETT GUILMETT	DIRECTOR	1.00	Director	$0	$0	$0
JARED GUILMETT	DIRECTOR	1.00	Director	$0	$0	$0
JARON JENKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB LARAWAY	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA LECLAIR	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREA MORIN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MORRISETTE	CHAIR	3.00	Officer Director	$0	$0	$0
MICHAEL PERSSON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY POLIQUIN	DIRECTOR	1.00	Director	$0	$0	$0
JAIMIE SOUSA	IMMEDIATE PA	3.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$772,934	$695,004	$258,583	$77,930
2023	$634,163	$608,753	$180,653	$25,410
2022	$670,243	$552,518	$157,490	$117,725
2021	$419,498	$533,899	$43,700	$-114,401
2020	$36,111	$17,045	$151,919	$19,066
2019	$583,198	$591,196	$542,753	$-7,998
2018	$574,099	$522,291	$488,651	$51,808

GREATER LAKES REGION CHARITABLE FUND FOR CHILDREN INC